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Goodyear Tire & Rubber Co (NAS:GT)
Days Payable
89.63 (As of Mar. 2016)

Goodyear Tire & Rubber Co's payable for the three months ended in Mar. 2016 was $2,653 Mil. Goodyear Tire & Rubber Co's cost of goods sold for the three months ended in Mar. 2016 was $2,701 Mil. Hence, Goodyear Tire & Rubber Co's days payable for the three months ended in Mar. 2016 was 89.63.

GT' s Days Payable Range Over the Past 10 Years
Min: 41.75   Max: 83.09
Current: 82.07

41.75
83.09

During the past 13 years, Goodyear Tire & Rubber Co's highest Days Payable was 83.09. The lowest was 41.75. And the median was 69.84.

GT's Days Payable is ranked higher than
75% of the 983 Companies
in the Global Rubber & Plastics industry.

( Industry Median: 52.22 vs. GT: 82.07 )

Goodyear Tire & Rubber Co's days payable increased from Mar. 2015 (77.74) to Mar. 2016 (89.63). It may suggest that Goodyear Tire & Rubber Co delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Goodyear Tire & Rubber Co's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2769/12164*365
=83.09

Goodyear Tire & Rubber Co's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2653/2701*365 / 4
=89.63

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Goodyear Tire & Rubber Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 41.7555.5357.2060.8073.3971.1368.5473.3075.5483.09

Goodyear Tire & Rubber Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 76.5980.7280.0173.3778.6377.7478.4478.3582.2889.63
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